SGX Nifty Up 84 Points | Adani Green Energy's Renewable Portfolio | Tata Motors' Ambitious EV Plans | Top Buzzing Stocks Today

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On Friday last week, Indian share markets had their best day in months as benchmark indices rallied over 1.5%.

Indian markets bounced back in style after falling in the previous session, as positive global cues coupled with the Rs 154.5 billion (bn) share purchase by GQG Partners in Adani Group stocks boosted investor sentiment.

Adani group shares along with PSU banks and select index heavyweights were the major gainers.

At the closing bell on Friday, the BSE Sensex stood lower by 900 points (up 1.5%).

Meanwhile, the NSE Nifty closed lower by 272 points (up 1.6%).

Adani Enterprises, Adani Ports, and SBI were among the top gainers.

Tech Mahindra, Cipla, and Asian Paints, on the other hand, were among the top losers.

Broader markets ended on a positive note with the BSE Midcap index ending 0.5% higher and the BSE SmallCap index ending 0.7% higher.

All sectors ended on a positive note with stocks in the finance sector, power sector and banking sector witnessing most of the buying.

Shares of Procter and Gamble Health, and Jindal Stainless hit their 52-week highs on Friday.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee was trading at 82.98 against the US$.

Gold prices for the latest contract on MCX were trading higher by 0.7% at Rs 64,449 per 10 grams at the time of Indian market closing hours on Friday.

At 8:10 AM today, the SGX Nifty was trading up by 84 points or 0.5% higher at 17,720 levels.

Indian share markets are headed for a firm opening today following the trend on SGX Nifty.

Speaking of stock markets, often, retail investors get attracted to stocks trading at low prices.

From a fundamental point of view, the price of the stock by itself doesn't have a lot of importance.

But what about traders? Is there a good trading opportunity in low priced stocks?

In the below video, you will find the answer.

Top Buzzing Stocks Today

Jindal Steel will be among the top buzzing stocks today.

Jindal Steel & Power on Friday announced its plan to invest Rs 100 bn for setting up a 3 mn tonne per annum steel plant in Andhra Pradesh.

The group will be signing a MoU with the AP Government for investing in renewable energy across solar, wind and hydro as well expanding the capacity of its existing cement plant.

NTPC will also be in focus today.

is making a rare move to buy domestic coal in the spot market, underscoring rising concerns about a potential squeeze on summer energy supply.

The state-owned generator plans to issue a tender for 3 million tons in the next week or so.

Adani Green now stands as India's largest renewable energy operator

Adani Group's renewable energy arm Adani Green Energy, on Friday, become the company with the largest operating renewable portfolio in India with a capacity of 8,024 MW.

The company could achieve this feat after its fourth wind-solar hybrid power plant became fully operational at Jaisalmer in Rajasthan.

The combined operational generation capacity of this hybrid power plant is 700 MW, and it has a power purchase agreement (PPA) at Rs 3.24/kWh for 25 years.

With this newly-added 700 MW hybrid power plant, Adani Green's operating wind-solar hybrid portfolio also reached 2,140 MW, continuing to be the largest in the world.

The other three hybrid energy generation assets of Adani Green are also located in Jaisalmer in Rajasthan.

After witnessing a massive rally in the past two years, the fastest growing stock of 2022 - Adani Green Energy has slowed down amid the selloff in Adani stocks.

For more details, check out Equitymaster's Indian stock screener which shows all the Adani group companies' fundamental analysis on one screen.

Tata Motors crosses 5-million production milestone

Leading automobile manufacturer in the country, Tata Motors, has achieved the milestone of producing 50 lakh passenger vehicles.

The company achieved this goal on 3 March 2023, and celebrated the milestone amid a lot of fanfare in an event wherein the Tata Motors family, and their new Forever range of Tata cars and SUVs came together to mark the event.

The company noted that it was able to stride ahead from 40 lakh cars to 50 lakh units within three years, despite COVID-19 and the semiconductor shortage crisis which plagued the global automotive industry.

To mark the occasion, it will also roll out a month-long celebratory campaign for all customers and employees across the country through which the carmaker will deck up its dealership and sales outlets with branded outfits as well as the signatory mnemonic to mark the milestone.

Tata Motors remains in a fast lane when it comes to electric vehicles (EVs). The Tata group is leading India's EV revolution and Tata Motors has remained at the forefront.

Also, the? electric vehicle (EV) megatrend is a once in a century revolution happening right in front of us.

The revolution has taken the auto sector by storm. All segments of the sector are ripe for disruption, and India's top EV stocks? are set to benefit from this shift.

Lemon Tree Hotels sings two-property deal

Lemon Tree Hotels has signed a License Agreement for two new properties in Maharashtra under its brands Lemon Tree Hotel and Keys Lite by Lemon Tree Hotel.

The two new hotels are located in the popular beach destination Dapoli in the South Konkan region of Maharashtra.

The two new hotels will become operational by October 2023, Lemon Tree Hotels said in a filing to the stock exchanges on Friday.

Both the properties in Dapoli will be managed and operated by the company's wholly-owned subsidiary and hotel management arm, Carnation Hotels.

To provide insights into the two new signings - Keys Lite by Lemon Tree Hotels in Sylvan will house 20 well-appointed rooms, along with a restaurant, swimming pool, and other public areas, in addition to indoor and outdoor games facilities.

Lemon Tree Hotels, Dapoli, will present 50 well-appointed rooms along with various amenities.

Lemon Tree Hotels has also entered into a licence agreement for a 110-room property in Kasauli, Himachal Pradesh, under the company's brand Aurika. The new property is expected to be operational in November 2024.

In the past one year, hotel stocks boomed as top hotel companies including Lemon Tree, Indian Hotels, and the likes saw sharp improvement in their financials.

Lemon Tree Hotels in particular rallied 87% in the year gone by, delivering  multibagger gains.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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